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Spartan Stores Reaches New 52-Week High (SPTN)

Spartan Stores (Nasdaq:SPTN) hit a new 52-week high Thursday as it is currently trading at $21.22, above its previous 52-week high of $20.76 with 5,699 shares traded as of 9:32 a.m. ET. Average volume has been 134,500 shares over the past 30 days.

NEW YORK ( TheStreet) -- Spartan Stores (Nasdaq: SPTN) hit a new 52-week high Thursday as it is currently trading at $21.22, above its previous 52-week high of $20.76 with 5,699 shares traded as of 9:32 a.m. ET. Average volume has been 134,500 shares over the past 30 days.

Spartan Stores has a market cap of $454.6 million and is part of the services sector and wholesale industry. Shares are up 22.5% year to date as of the close of trading on Wednesday.

Spartan Stores, Inc. operates as a grocery distributor and grocery retailer principally in Michigan and Indiana. The company operates in two segments, Distribution and Retail. The company has a P/E ratio of 14.1, below the average wholesale industry P/E ratio of 14.2 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Spartan Stores as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Spartan Stores Ratings Report.